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Cable Update (GBPUSD)

  • #229,481
  • Jun 2, 2010 11:09am Jun 2, 2010 11:09am
Quoting primzvicious
nicely done

Got right back in though on the bounce and will be scaling in further at my levels.
  • #229,482
  • Jun 2, 2010 11:12am Jun 2, 2010 11:12am
as long as blue line not breaks with H1 close were still in downward move

short it with a tight stop
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Verily, in every difficulties there is relief
  • #229,483
  • Jun 2, 2010 11:12am Jun 2, 2010 11:12am
Quoting cloggie
Tick one.
Quoting wormboy
bummer, we're a bit off this time. Got 668
plus one.
I got 696 & 723 next. Failed clearance so far. Time to inhale.
I'll be chuffed if all the mentioned levels get cleared in one go
Thank You
  • #229,484
  • Jun 2, 2010 11:13am Jun 2, 2010 11:13am
Quoting wormboy
plus one.
I got 723 next. Failed clearance so far. Time to inhale.
I'll be chuffed if all the mentioned levels get cleared in one go
That's why I took profit of the table earlier and entered with a smaller lot on the bounce, to scale in at each level. Stop at BE now so free trade. It has been a very productive day after a slow start.
  • #229,485
  • Jun 2, 2010 11:17am Jun 2, 2010 11:17am
Quoting primzvicious
as long as blue line not breaks with H1 close were still in downward move

short it with a tight stop
set stop @ +2
Verily, in every difficulties there is relief
  • #229,486
  • Jun 2, 2010 11:17am Jun 2, 2010 11:17am
This Is my M15 Idea

http://forexrainbow.com/files/1531xq6otl3f0h76kgjd.gif
  • #229,487
  • Jun 2, 2010 11:18am Jun 2, 2010 11:18am
Quoting cloggie
That's why I took profit of the table earlier and entered with a smaller lot on the bounce, to scale in at each level. Stop at BE now so free trade. It has been a very productive day after a slow start.

I saw. Well played my friend.
I won't be doing any of those i'm afraid, done trading for this month & currently just nursing the remaining position left. Bought at a discount & well covered, so pretty much playing the pom pom girl at the mo
Thank You
  • #229,488
  • Jun 2, 2010 11:20am Jun 2, 2010 11:20am
Quoting Vuraziq
now i put trailing stop..no BE anymore
close it or lose it not ?
Verily, in every difficulties there is relief
  • #229,489
  • Jun 2, 2010 11:21am Jun 2, 2010 11:21am
Anyone notice is turning to the downside? after 4-5 days upward momentum?
  • #229,490
  • Jun 2, 2010 11:27am Jun 2, 2010 11:27am
Quoting Makeveli
Anyone notice is turning to the downside? after 4-5 days upward momentum?
neither the fast or the slow is turning yet buddy.
Thank You
  • #229,491
  • Jun 2, 2010 11:28am Jun 2, 2010 11:28am
Quoting Makeveli
Anyone notice is turning to the downside? after 4-5 days upward momentum?

Wouldn't know never look at those momentum thingies. Bit useless in my book reading momentum when all I am concerned about is trend and price. In a nutshell I don't really care how fast she is moving as long as I know she is.


May as well open this debate again as we wait for this consolidation to play out....

That long on the bounce is hanging on by its fingernails.
  • #229,492
  • Jun 2, 2010 11:34am Jun 2, 2010 11:34am
still holding my long from 4595.Just moved my sl to lock in 40 pips. My trailing stop of 15 just got hit for fibre for a realized profit of 41 pips (I don't know what just happened,maybe news announcement, but it just spiked up big).Tried out magix' new template along with a template I made that is a combo of Magix' new one and an hma suggested my malcomb (see his post about his tweaking of Magix template in this thread and his post in the fibre thread on april 26 about the HMA_color indi.)I use to look at the H4 tf and then H1. When those start to trend in the same direction, I look at the 5M and 1M for entry points. This can take FOREVER to form.I know use Magix' simplex template and just look at the last candle of the H4 (sometimes) and the overall trend on the H1.Then, I use Magix new template and my Magix/Malcomb combo setup to find entry/exit positions on the 1M and 5M tf. This has been working wonders for me!! Even my gj trade gave me a nice 30 pip gain! I seriously can't say thanks enough!!!The coolest thing about these templates (aside from the obvious profits) is that I'm learning so much in so little time about how to use the different tf to my advantage.Truely eye-opening.

Sorry that I'm starting to sound like an infomercial, but I'm having the best 2-week trading period I've had so far.

Back to cable trading. How long do you see this wedge (at least that's what I'm seeing. Please tell me if I'm wrong)lasting?
  • #229,493
  • Jun 2, 2010 11:46am Jun 2, 2010 11:46am
clogggggg u are the man
  • #229,494
  • Jun 2, 2010 11:50am Jun 2, 2010 11:50am
Quoting Ineedpips9
still holding my long from 4595.Just moved my sl to lock in 40 pips. My trailing stop of 15 just got hit for fibre for a realized profit of 41 pips (I don't know what just happened,maybe news announcement, but it just spiked up big).Tried out magix' new template along with a template I made that is a combo of Magix' new one and an hma suggested my malcomb (see his post about his tweaking of Magix template in this thread and his post in the fibre thread on april 26 about the HMA_color indi.)I use to look at the H4 tf and then H1. When those start...

Hi. Can you please post the indicators that you mentioned above. I tried to look but couldn't find them
  • #229,495
  • Jun 2, 2010 11:52am Jun 2, 2010 11:52am
Quoting kill56
this indi from a freind of mine and i think it dos work on all TF's plz give it a try i know some of u did plz share info with the room i hope it dos help u
Could you tell me how exactly to use it? I know this is a TL indi but what are the entry and exit points? whether we should combine it with others indis?

Thanks for sharing it.. may the green pips always be with you
  • #229,496
  • Jun 2, 2010 11:55am Jun 2, 2010 11:55am
Quoting kill56
clogggggg u are the man

I can't take all the credit, that was a lovely play by play between me and Wormy.

I just wish that this thread could always be like this and not be full of useless cr@p and bickering as it mostly is.
  • #229,497
  • Jun 2, 2010 12:02pm Jun 2, 2010 12:02pm
Quoting cloggie
I can't take all the credit, that was a lovely play by play between me and Wormy.

I just wish that this thread could always be like this and not be full of useless cr@p and bickering as it mostly is.

i wish that too great work keep it up
  • #229,498
  • Jun 2, 2010 12:09pm Jun 2, 2010 12:09pm
@cloggie&wormy

this was top class trading from you both,
i was looking and learning, could also make some pips,
but as usual a bit too late in, a bit too early out, but happy anyway,
still building my acc. by hit and run style ,

congratulation to both, give us fx students more of these valuable lessons.
  • #229,499
  • Jun 2, 2010 12:25pm Jun 2, 2010 12:25pm
Quoting cloggie
I just wish that this thread could always be like this and not be full of useless cr@p and bickering as it mostly is.
Too true. I usually just set back and watch the conversations unless I have days like today.

Looks like she's heading south on the smaller tf.With the new template on the 1H tf I got a bear signal about 3 hours ago,but she wen't north to hit my sl. Waiting for the stop light set up and a signal on the 1M/5M to see where we stand. I think she goes back down to support at 4551.Anybody else thinking this?
  • #229,500
  • Jun 2, 2010 12:29pm Jun 2, 2010 12:29pm
after stopped out for +2...

i re-shorting.... now this how its look like...
last call for me...
good night all..

see u in asian session
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